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One useful heuristic for crypto -- if you know the minimum level of decentralization / resilience / censorship-resistance needed at any given moment, you can make much better bets on projects
Eg. in 2017-2018, there was way more focus on algorithmic stablecoins like Basis, Maker, Celo, Luna, etc. The thinking was: algo-stables are naturally what we should be aiming for, given their lack of fiat collateral in a bank somewhere
Over the course of the next ~7 years, it's become very clear that fiat-stables have won. It turns out you didn't need an algorithm or even crypto collateral, you could just do fiat with jurisdictional arbitrage, like Tether or be compliance-first like Circle
Similarly, today, ask yourself what is the bare minimum censorship-resistance you'll need *now* and then focus on the economic benefits a project provides as the greater concern. If you do that, you'll bet on the equivalent of Tether, Circle, etc in whatever the current category is, while others will over-fixate on decentralization 4 replies
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